WFRF:(Fitzgerald Seán)
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Household Behaviour under rationing
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- Fitzgerald, John (author)
- Trinity College Dublin
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- Kenny, Seán (author)
- Lund University,Lunds universitet,Finanshistoria, banker och försäkringar,Ekonomisk-historiska institutionen,Ekonomihögskolan,Financial history, banking and insurance,Department of Economic History,Lund University School of Economics and Management, LUSEM
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- Cermeño, Alexandra L. (author)
- Lund University,Lunds universitet,Ekonomisk utveckling i det globala Syd,Ekonomisk-historiska institutionen,Ekonomihögskolan,Economic development of the Global South,Department of Economic History,Lund University School of Economics and Management, LUSEM
- (creator_code:org_t)
- 2022-08-18
- 2023
- English 21 s.
- In: National Institute Economic Review. - : Cambridge University Press (CUP). - 0027-9501 .- 1741-3036. ; 263, s. 6-26
- Journal article (peer-reviewed)
Abstract
Subject headings
Close
- The pandemic-induced economic crisis has seen a massive increase in savings as households could not spend their income. The last time that consumers were seriously rationed was during the Second World War. This article models the behaviour of households during the War years and its immediate aftermath in Ireland, Sweden, the US and UK. Savings were held in liquid form and, once the War was over and rationing eased, a consumption boom transpired. However, significant excess savings were converted into physical assets in the housing market. There is evidence that this pattern is being repeated as the Covid-19 crisis eases.
Subject headings
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Ekonomisk historia (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Economic History (hsv//eng)
Keyword
- rationing
- consumer behaviour
- economic history
- D12
- D14
- N12
- N14
- N30
Publication and Content Type
- art (subject category)
- ref (subject category)
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